Bluelinx Holdings, Inc. (BXC) Tops Q1 EPS by 6c

Bluelinx Holdings, Inc. (NYSE: BXC) reported Q1 EPS of ($0.10), $0.06 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $443.9 million, versus $473.7 million reported last year.

"We are pleased to report fiscal first quarter 2014 adjusted EBITDA of $1.0 million. This result is encouraging particularly in light of the unusually severe winter, which reduced demand for building materials. Adjusted EBITDA of $1.0 million during the seasonally low quarter, is the Company's first positive adjusted EBITDA in the first quarter since 2007, an improvement of approximately $2.4 million from the first quarter of 2013, and reflects the impact certain key initiatives are making in our business," said Mitch Lewis, President and Chief Executive Officer.

"We also ended the first quarter with $89.3 million in excess availability on the Company's revolving credit facilities, which is a significant increase from $45.8 million at fiscal year-end 2013. We are continuing to explore additional financial alternatives to further improve the Company's liquidity to provide a strong foundation for the Company's future success," Mr. Lewis concluded.

For earnings history and earnings-related data on Bluelinx Holdings, Inc. (BXC) click here.

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